Question 1

There are more male victims of sexual harassment than females.

Accepted Answer

Statistically, females are more likely to be victims of sexual harassment than males, according to numerous studies and reports on the subject.

Question 2

Sexism is a form of sex discrimination that violates the Civil Rights Act of 1964,which gives both men and women the right to file lawsuits for intentional sexual harassment.

Accepted Answer

The answer of Sexism is a form of sex discrimination...

Question 3

An example of a social responsibility revolving around public health is helping employees stop smoking.

Accepted Answer

Helping employees stop smoking is an example of a social responsibility revolving around public health, as it directly contributes to improving the health and well-being of individuals and the community.

Question 4

In developed countries,most job positions prefer to hire applicants with college degrees.

Accepted Answer

In developed countries, there is a strong preference for hiring applicants with college degrees due to the competitive job market and the emphasis on specialized skills and knowledge.

Question 5

Historically,a company's social performance has been measured by its contribution to the overall economy and the employment opportunities it provides.

Accepted Answer

Historically, a company's social performance was often measured by its economic contributions, including its role in the overall economy and the employment opportunities it created, reflecting its direct impact on societal welfare and economic development.

Question 6

The principal federal agency responsible for protecting investors from financial misdeeds is the Federal Trade Commission.

Accepted Answer

The principal federal agency responsible for protecting investors from financial misdeeds is the Securities and Exchange Commission (SEC), not the Federal Trade Commission (FTC).

Question 7

To demonstrate their social responsibility,many corporations highlight charitable contributions and community service in their annual reports and on their websites.

Accepted Answer

Many corporations showcase their charitable contributions and community service initiatives in their annual reports and on their websites as a way to demonstrate their commitment to social responsibility and to positively influence their public image.

Question 8

Publicly traded companies,under the Security and Exchange Commission (SEC),are required to announce major information to the general public,rather than first disclosing the information to selected major investors.

Accepted Answer

This requirement is in place to ensure fairness and transparency in the market, preventing insider trading and ensuring all investors have equal access to significant company information.

Question 9

Unfortunately,the Equal Employment Opportunity Commission is beginning to focus on individual situations rather than systemic discrimination.

Accepted Answer

The Equal Employment Opportunity Commission (EEOC) continues to focus on both individual cases of discrimination as well as systemic discrimination. Systemic discrimination involves policies or practices that have a broad impact on a group of individuals or perpetuate discrimination, and addressing it remains a key part of the EEOC's mission.

Question 10

According to research,ethical standards are not proven to affect a company's stock prices.

Accepted Answer

Research has shown that ethical standards can significantly affect a company's stock prices. Companies perceived as having high ethical standards and corporate social responsibility often enjoy higher trust and loyalty from customers and investors, which can lead to better financial performance and stock price appreciation. Conversely, companies involved in unethical practices may face boycotts, legal penalties, and a loss of investor confidence, negatively impacting their stock prices.

Question 11

Corporate philanthropy is the belief that businesses should put the needs of society over the needs of managers and employees.

Accepted Answer

Corporate philanthropy refers to the efforts and resources that businesses voluntarily allocate towards social causes, charitable donations, or community projects, not necessarily placing societal needs over the needs of managers and employees, but rather contributing to society alongside fulfilling business objectives.

Question 12

The Occupational Safety and Health Administration (OSHA)sets standards for workplace safety and investigates workplace accidents.

Accepted Answer

OSHA is responsible for setting and enforcing safety and health standards in workplaces to ensure that employers provide environments free from recognized hazards. This includes investigating workplace accidents to determine if there were any violations of their standards.

Question 13

Consumerism is the public demand that a business consider the wants and needs of its customers in making decisions.

Accepted Answer

Consumerism emphasizes the importance of businesses taking into account customer preferences and needs when making decisions, ensuring that products and services align with consumer expectations.

Question 14

Informal business surveys that report customer satisfaction with a company's products are called social audits.

Accepted Answer

Social audits are a way of measuring a company's social and environmental performance, not customer satisfaction with products. Customer satisfaction surveys are a different tool used to gauge consumers' opinions about a company's products or services.

Question 15

Employers have a responsibility to their employees to provide a safe working environment.

Accepted Answer

Employers are legally obligated to ensure their workplace is free from hazards and risks that could cause harm to their employees, adhering to occupational safety and health regulations.

Question 16

Paying corporate taxes is an example of corporate philanthropy.

Accepted Answer

Corporate philanthropy involves voluntary contributions made by a company to various causes, while paying corporate taxes is a legal obligation.

Question 17

A "green" product that claims to be environmentally friendly must be substantiated in accordance with guidelines presented by the Federal Trade Commission.

Accepted Answer

The Federal Trade Commission (FTC) provides guidelines known as the Green Guides, which help marketers ensure that claims about the environmental attributes of their products are truthful and non-deceptive.

Question 18

Sexual harassment is divided into two categories: pressure to comply with unwelcome advances for job security and a hostile work environment.

Accepted Answer

Sexual harassment is indeed categorized into two main types: quid pro quo, where job benefits are contingent on submitting to sexual advances or conduct, and hostile work environment, where the conduct creates an intimidating, hostile, or offensive working environment.

Quiz 2: Business Ethics and Social Responsibility